Marketplace Report for Monday, October 20, 2008

From this Episode

New York City has lost 11,000 financial sector jobs and expects to lose many thousands more. With Wall Street hemorrhaging jobs weeks before the election, Jeremy Hobson finds out what pink-slipped want from a new administration.

Family practice physician Tanyech Walford has seen her business shrink and insurance reimbursements cut back. For her, the financial crisis means closing her office and leaving L.A. Walford tells her story for our series "What I'm doing."

Many local bank managers say they aren't seeing the level of financial disruption or the liquidity crisis plaguing the upper echelon institutions on Wall Street. Kate Archer Kent visits a local bank in Shreveport, La.

The credit crisis is behaving as if it were a vampire searching around for fresh blood. This time it's the supposedly "recession proof" tech, entertainment and art sectors. Stacey Vanek-Smith has the story.

Treasury Secretary Henry Paulson said the $250 billion bank rescue plan isn't just for the big guys. It's come one, come all -- big, medium or small. Ashley Milne-Tyte has more from New York on what Paulson had to say.

About the Show

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